Yes, there are central
banks buying gold but whether do we like it
or not
you know gold has been around for a few
thousand years and many people like it.
Academics can say that gold is
meaningless, gold is, you know, all the
things that some academics say about gold but
like it or not you cannot tell a French peasant that he shouldn't buy gold
you cannot tell me that I shouldn't buy
gold.
So, like it or not
people for historic reasons, emotional
reasons, insane reasons for whatever reason there are many
people who know or think they know that
in a crisis gold and
silver are the places to be.
So it's not
going to end, not in my lifetime anyway, not in your lifetime. Gold has been
around a few thousand years and it will
continue to be around. Yes, there will be
people who will sell it at times. There are a lot more French
peasants than there are intellectuals
from Ivy League universities and when I
say French peasants I mean common people all over the world.
